Following last week‘s air crash in Washington, the FAA is receiving extra scrutiny. The real problem with the FAA, however, is that it is a political entity, which means that political goals will determine its capital structure and hiring practices.
Every law or regulation carries an economic cost that cannot be ignored or precisely predicted, altering economic incentives and stifling innovation and entrepreneurship.
The main issue with the federal government’s attempts to regulate the environment is that—as with all things in which the federal government—there is a large degree of corruption, inefficiency, and overall impracticality inherent to their approaches.
If President Trump is looking for a federal agency to abolish, he needs to look no further than the misnamed Consumer Financial Protection Bureau.
California politicians are in a state of denial as deadly wildfires burn out of control throughout the state, the latest being in Los Angeles. Their denialism in the face of real facts shows that California politically has become La-La Land.
How did the US go from a nation that revered liberty to one with despotic governance? While political forces already were trying to push the US in a direction of centralization, the Civil War completed the job. We see the results of those centralized outcomes daily.
Those carrying out government directives are even less bound by law than they were a few years ago, and talk about new bureaucrats is beginning to resemble the Kremlinology of the Cold War.
"Hurry up and wait" is often the reality of medical care. We shouldn't be surprised to know that long lines and government intervention go together.
Governments seem united in their drive to destroy sound money and replace it with worthless paper. As technologies advance, however, so does the ability of people to undermine government, and with it, the development of sound money.
Trump promises to levy new tariffs and trade restrictions, along with subsidies for favored industries. This latest version of “industrial policy” will fail again, it has in the past.
